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DETROIT-Downtown areas, expected to be identified in May, will get funds from a public and private development corporation formed by the Michigan Economic Development Corp. and the National Main Street Center.
DETROIT-Time will tell when area office space demand will return to normal, says Paragon Corporate Realty Services. Meanwhile, property owners keep offering low lease rates and incentives.
BINGHAM FARMS, MI-The brokerage company's Rosemont, IL-based shopping center investment team will handle liquidation sales of Malan's retail properties in a deal that will last until October 2003.
DETROIT-Hutzel Women's Hospital transfers operations two blocks to the Detroit Medical Center complex, where it will still continue 130 years of complete care for women only once a 170,000-sf renovation is complete.
TROY, MI-Elected officials think state money could be raised for a public conference center and private commercial development. Another in a string of RFPs may be sent out by city council this month.
DETROIT-MGM has hired general contractors, and is awaiting word from City of Detroit officials on approval of a site plan of its new casino. Complicating matters is that the entertainment company must wait for lawsuit to be lifted to start building.
SOUTHFIELD, MI-Two multifamily buildings are for sale by Marcus & Millichap for more than $18 million; not luxurious, but simple and inviting, say the brokers.
DETROIT-Five office and industrial transactions involving Cushman & Wakefield have been closed recently, including a Big Boy lease of unused space to Sears, to help the struggling restaurant chain with its bottom line.